(Bloomberg) -- China’s benchmark money-market rate capped
the biggest monthly drop since May after the central bank added
funds to the financial system to offset capital outflows and
meet a seasonal pickup in demand for cash.
The seven-day repurchase rate, a gauge of interbank funding availability, fell 79 basis points in January to 4.17 percent as of 4:30 p.m. in Shanghai, a weighted average from the National Interbank Funding Center shows. It climbed as high as 6.59 percent in January 2014, during the two weeks leading up to the Lunar New Year holiday. Demand for money climbs before and during the weeklong break, which begins Feb. 18 this year, as people exchange gifts and families get together for meals.
Read more Click here / www.trade4x.net
The seven-day repurchase rate, a gauge of interbank funding availability, fell 79 basis points in January to 4.17 percent as of 4:30 p.m. in Shanghai, a weighted average from the National Interbank Funding Center shows. It climbed as high as 6.59 percent in January 2014, during the two weeks leading up to the Lunar New Year holiday. Demand for money climbs before and during the weeklong break, which begins Feb. 18 this year, as people exchange gifts and families get together for meals.
Read more Click here / www.trade4x.net
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